Thread: Iraq/Dinar News to April 19, 2007 10PM CST

A Unadim Kana, deputy chairman of the Economic Committee of the House of Representatives unveiled the intention to hold intensive meetings with a number of academics, economists and businessmen in order to get acquainted with the real need for appropriate economic laws

The ongoing process of economic transformation in the country in order to draft laws formula developed and approved in Parliament.

.

We explained in an interview with the ((morning)) that there was an urgent need to review all the laws of an economic nature in effect, reconsider or modify to make them consistent with the process of transition from a totalitarian central economic system into a market economy.

He said in this context : that the priority in legislation headed to the issuance of the Investment Law No. 13 of 2006, which is a cover and an impregnable wall of the laws and provide other economic investment in all aspects of life except insurance companies, banks, oil and gas.

He attributed the non-activation of the investment and the reluctance of Arab and foreign investors to enter the arena of investments in Iraq to the consequences of the security situation. In that regard, affirmed the need for Iraq to 300 billion dollars over the next ten years for reconstruction according to statistics and studies prepared by the United Nations. Unadim Kana, and stressed the need to create the best investment environment and the activation of the private sector and the departure of total reliance on government spending, pointing out the importance of benefiting from the experiences of many countries in the the investment proved successful significantly.

With regard to the investment budget for 2007, described by observers Balanfjarih identified Vice Chairman of the Economic Committee in the House of Representatives three real obstacles to implementation ((the first parameters of the security and the second financial and administrative corruption that affects organs of the State and the third case of marginalization of the left and scientific expertise because of the obvious signs of partisan and sectarian received shadows on the political scene, governmental and ministerial)), calling in this direction to the adoption of professionalism and efficiency in the selection of technical and administrative positions in all organs of the State. Stressing the need for the return of competencies and minds abroad outside of the country because of such precursors. He called for completion of the routine, which he described Balmmelh and impeding the progress of the implementation of investment projects and to give wider powers of the ministries and departments concerned and not restrict them to the Council of Ministers with the emphasis on accountability and follow-up of negligence hand, and to honor the artists on the other.

With respect to the oil and gas, described this law Balmahm and influential in the economic process for the adoption of the entire budget on oil imports, or 95%, pointing to the existence of loopholes by saying excessive powers specific to the regions and the oil-producing provinces which raise the sensitivity of the other governorates non-oil producing anticipated action amendments anticipated some of the paragraphs of the law.

He referred in this regard to the need to use the expertise and competencies of the Iraqi workforce in the oil sector to take advantage of the views and observations of professional effort to pass a law to Aitakata with the national interest to make Iraq will be able to raise the productivity and efficiency of the extraction of oil and gas and we praised advocating monetary policy by the Central Bank of Iraq seeking to reducing inflation. He pointed out that this policy will bear fruit in future. He called for patience and understanding of the nature of this policy, which will be reflected positively on its own terms the Iraqi economy. Stressing that the economic committee in the House of Representatives working to support and encourage this policy, which seeks to restore the health and strength of the Iraqi dinar and the elimination of the dollarization phenomenon and to make the Iraqi dinar an actor in cash transactions that govern markets. He alluded to the existence of other economic laws are being talked about in the near future will be the way to legislation is the law of insurance companies, banks and the Banking Act and the Regulation of the private sector

Originally Posted by Adster

A Unadim Kana, deputy chairman of the Economic Committee of the House of Representatives unveiled the intention to hold intensive meetings with a number of academics, economists and businessmen in order to get acquainted with the real need for appropriate economic laws

The ongoing process of economic transformation in the country in order to draft laws formula developed and approved in Parliament.

.

We explained in an interview with the ((morning)) that there was an urgent need to review all the laws of an economic nature in effect, reconsider or modify to make them consistent with the process of transition from a totalitarian central economic system into a market economy.

He said in this context : that the priority in legislation headed to the issuance of the Investment Law No. 13 of 2006, which is a cover and an impregnable wall of the laws and provide other economic investment in all aspects of life except insurance companies, banks, oil and gas.

He attributed the non-activation of the investment and the reluctance of Arab and foreign investors to enter the arena of investments in Iraq to the consequences of the security situation. In that regard, affirmed the need for Iraq to 300 billion dollars over the next ten years for reconstruction according to statistics and studies prepared by the United Nations. Unadim Kana, and stressed the need to create the best investment environment and the activation of the private sector and the departure of total reliance on government spending, pointing out the importance of benefiting from the experiences of many countries in the the investment proved successful significantly.

With regard to the investment budget for 2007, described by observers Balanfjarih identified Vice Chairman of the Economic Committee in the House of Representatives three real obstacles to implementation ((the first parameters of the security and the second financial and administrative corruption that affects organs of the State and the third case of marginalization of the left and scientific expertise because of the obvious signs of partisan and sectarian received shadows on the political scene, governmental and ministerial)), calling in this direction to the adoption of professionalism and efficiency in the selection of technical and administrative positions in all organs of the State. Stressing the need for the return of competencies and minds abroad outside of the country because of such precursors. He called for completion of the routine, which he described Balmmelh and impeding the progress of the implementation of investment projects and to give wider powers of the ministries and departments concerned and not restrict them to the Council of Ministers with the emphasis on accountability and follow-up of negligence hand, and to honor the artists on the other.

With respect to the oil and gas, described this law Balmahm and influential in the economic process for the adoption of the entire budget on oil imports, or 95%, pointing to the existence of loopholes by saying excessive powers specific to the regions and the oil-producing provinces which raise the sensitivity of the other governorates non-oil producing anticipated action amendments anticipated some of the paragraphs of the law.

He referred in this regard to the need to use the expertise and competencies of the Iraqi workforce in the oil sector to take advantage of the views and observations of professional effort to pass a law to Aitakata with the national interest to make Iraq will be able to raise the productivity and efficiency of the extraction of oil and gas and we praised advocating monetary policy by the Central Bank of Iraq seeking to reducing inflation. He pointed out that this policy will bear fruit in future. He called for patience and understanding of the nature of this policy, which will be reflected positively on its own terms the Iraqi economy. Stressing that the economic committee in the House of Representatives working to support and encourage this policy, which seeks to restore the health and strength of the Iraqi dinar and the elimination of the dollarization phenomenon and to make the Iraqi dinar an actor in cash transactions that govern markets. He alluded to the existence of other economic laws are being talked about in the near future will be the way to legislation is the law of insurance companies, banks and the Banking Act and the Regulation of the private sector

Awesome News Adster, Thanks !!!!!!!

International Covenant will Modernize Iraq

political independent daily newspaper, Tuesday-April 17, 2007

Draft International Covenant will turn Iraq into a modern state

السعودية ابدت مؤشرات ايجابية لتخفيض الديون

Saudi Arabia showed positive indicators for debt reduction

بغداد

Baghdad

.

Deputy Prime Minister Barham Salih, Iraq is on the verge of a new phase helps to rise and the achievement of tangible progress in different aspects of life, through a series of economic and political reforms and the legislature. He told media representatives during a meeting with them at a round table in his office inside the Green Zone in Baghdad, the presence of a group experts and economists, to achieve national reconciliation, and the elimination of joints, financial and administrative corruption, in addition to the reform in the areas of energy, education is the greatest challenge facing the country.

مشيرا الى ان البدء في هذه الخطوات يساعد على البدء بتنفيذ مشروع العهد الدولي الذي

.

He pointed out that the initiation of these steps help to start the implementation of the International Covenant project, which aims to achieve economic self in Iraq over forty years to come. Saleh said, "The project began as an initiative of the International Iraqi stemmed from the need for Iraq to take a series of political and security reforms and economic order to reach this country to the shore of safety and stability of the political and also economic prosperity, "Saleh added that the aim of this initiative is a partnership between Iraq and the international community in order to consolidate" peace "Iraqi National growth and continue the process of political, economic and social situation in the country.

".

Saleh announced that the draft International Covenant will be launched formally on the third of May next month at an international conference in Sharm El-Sheikh in the Arab Republic of Egypt, and that the final draft of the International Decade will be launched in this international meeting, which will include an expanded 40 countries and seven international organizations, including the United Nations, he that ambitious project is the result of a team effort from the various Iraqi ministries and supported by Prime Minister Nuri al-Maliki and a number of members of Parliament who are interested and excited him. He described the Deputy Prime Minister with the International Decade of Iraq as "a road map towards achieving economic self-sufficiency; it is a mutual commitment between the leaders of Iraq and the Iraqi people in addition to being a mutual commitment between Iraq and among partners in the document. "

وأكد أن العراق طلب من المجتمع الدولي دعمه2006 و2011.

He confirmed that Iraq has asked support of the international community in trying to reach safety and overcome the challenges facing it, particularly in the issue of the accumulated debt forgiveness on Iraq and the provision of grants, which have been at the top of the discussions at the meetings of the preparatory group of the "International Decade with Iraq," which was held in Kuwait, Abu Dhabi and New York, in addition to the study of the obligations of the Iraqi government to achieve the International Decade, which is expected to become a framework for the Iraqi economy between 2006 and 2011.

وشدد صالح على أن إلغاء الديون العراقية المتراكمة".

Saleh stressed that the abolition of Iraq's debts accumulated from the days of former President Saddam Hussein, Iraq will help in the implementation of many of the commitments contained in the document, saying that "there are positive indications from Saudi Arabia to reduce the debt of Iraq, and there was talk about that at the recent Arab summit held in Riyadh, the Saudis promised Brotherhood good, and we hope to achieve that. "

http://translate.google.com/translate?u=http%3A%2F%2Fwww.almowaten.com%2Fecono my.html&langpair=ar%7Cen&hl=en&ie=UTF-8&oe=UTF-8&prev=%2Flanguage_tools

BP eyes role in Iraq oil sector
DUBAI, 17 April 2007 (Reuters)


Energy giant BP is interested in working on a range of oil and gas projects in Iraq, but is waiting for the country’s parliament to pass an oil law and for security to improve before increasing its role, a senior BP executive said yesterday.
International companies have been jostling for position as they look for a potentially lucrative stake in Iraq’s oil future. The country holds the world’s third largest oil reserves and needs billions of dollars of investment to boost output and overhaul ageing infrastructure.
“Eventually where we get involved will be up to Iraq,” Steve Peacock, president of BP’s Middle East and South Asia Exploration and Produc-tion unit, told reporters at an energy conference in Dubai.
“But I think we can help in all areas: enhanced oil recovery from existing fields, in discovered and not developed fields, or in exploration.”
A draft oil law that Iraq’s cabinet endorsed in February is awaiting parliament ratification.
Peacock said it would take some time after the law is passed for contracts to be negotiated and for BP to send people to work in Iraq because of the security situation in the country.
“Physical security on the ground... may be the thing that takes the longest,” he said.
BP would also wait for assurance that any contracts would survive changes in government, he said.
BP has been providing assistance to Iraq’s oil company in the south around the Rumaila field, he said. The North and South Rumaila fields are already partially developed and have combined potential output capacity of 500,000 barrels per day.

http://www.iraqupdates.com/p_articles.php/article/16549

Things are looking great guy's...thanks for all the hard work and determination you put into giving the info!!!!We are close..!!!!
Sarah!!GO DINAR GO !!

Originally Posted by Adster

International Covenant will Modernize Iraq

political independent daily newspaper, Tuesday-April 17, 2007

Draft International Covenant will turn Iraq into a modern state

السعودية ابدت مؤشرات ايجابية لتخفيض الديون

Saudi Arabia showed positive indicators for debt reduction

بغداد

Baghdad

.

Deputy Prime Minister Barham Salih, Iraq is on the verge of a new phase helps to rise and the achievement of tangible progress in different aspects of life, through a series of economic and political reforms and the legislature. He told media representatives during a meeting with them at a round table in his office inside the Green Zone in Baghdad, the presence of a group experts and economists, to achieve national reconciliation, and the elimination of joints, financial and administrative corruption, in addition to the reform in the areas of energy, education is the greatest challenge facing the country.

مشيرا الى ان البدء في هذه الخطوات يساعد على البدء بتنفيذ مشروع العهد الدولي الذي

.

He pointed out that the initiation of these steps help to start the implementation of the International Covenant project, which aims to achieve economic self in Iraq over forty years to come. Saleh said, "The project began as an initiative of the International Iraqi stemmed from the need for Iraq to take a series of political and security reforms and economic order to reach this country to the shore of safety and stability of the political and also economic prosperity, "Saleh added that the aim of this initiative is a partnership between Iraq and the international community in order to consolidate" peace "Iraqi National growth and continue the process of political, economic and social situation in the country.

".

Saleh announced that the draft International Covenant will be launched formally on the third of May next month at an international conference in Sharm El-Sheikh in the Arab Republic of Egypt, and that the final draft of the International Decade will be launched in this international meeting, which will include an expanded 40 countries and seven international organizations, including the United Nations, he that ambitious project is the result of a team effort from the various Iraqi ministries and supported by Prime Minister Nuri al-Maliki and a number of members of Parliament who are interested and excited him. He described the Deputy Prime Minister with the International Decade of Iraq as "a road map towards achieving economic self-sufficiency; it is a mutual commitment between the leaders of Iraq and the Iraqi people in addition to being a mutual commitment between Iraq and among partners in the document. "

وأكد أن العراق طلب من المجتمع الدولي دعمه2006 و2011.

He confirmed that Iraq has asked support of the international community in trying to reach safety and overcome the challenges facing it, particularly in the issue of the accumulated debt forgiveness on Iraq and the provision of grants, which have been at the top of the discussions at the meetings of the preparatory group of the "International Decade with Iraq," which was held in Kuwait, Abu Dhabi and New York, in addition to the study of the obligations of the Iraqi government to achieve the International Decade, which is expected to become a framework for the Iraqi economy between 2006 and 2011.

وشدد صالح على أن إلغاء الديون العراقية المتراكمة".

Saleh stressed that the abolition of Iraq's debts accumulated from the days of former President Saddam Hussein, Iraq will help in the implementation of many of the commitments contained in the document, saying that "there are positive indications from Saudi Arabia to reduce the debt of Iraq, and there was talk about that at the recent Arab summit held in Riyadh, the Saudis promised Brotherhood good, and we hope to achieve that. "

http://translate.google.com/translate?u=http%3A%2F%2Fwww.almowaten.com%2Fecono my.html&langpair=ar%7Cen&hl=en&ie=UTF-8&oe=UTF-8&prev=%2Flanguage_tools

GREAT FIND, EVERYTHING LOOKS TO BE FALLING IN PLACE...HERE IS TO A VERY PROMISSING NEXT WEEKS OR MONTH.
AGAIN THANKS FOR THE POST

This place is fun...

Great work.

Originally Posted by Adster

A Unadim Kana, deputy chairman of the Economic Committee of the House of Representatives unveiled the intention to hold intensive meetings with a number of academics, economists and businessmen in order to get acquainted with the real need for appropriate economic laws

The ongoing process of economic transformation in the country in order to draft laws formula developed and approved in Parliament.

.

We explained in an interview with the ((morning)) that there was an urgent need to review all the laws of an economic nature in effect, reconsider or modify to make them consistent with the process of transition from a totalitarian central economic system into a market economy.

He said in this context : that the priority in legislation headed to the issuance of the Investment Law No. 13 of 2006, which is a cover and an impregnable wall of the laws and provide other economic investment in all aspects of life except insurance companies, banks, oil and gas.

He attributed the non-activation of the investment and the reluctance of Arab and foreign investors to enter the arena of investments in Iraq to the consequences of the security situation. In that regard, affirmed the need for Iraq to 300 billion dollars over the next ten years for reconstruction according to statistics and studies prepared by the United Nations. Unadim Kana, and stressed the need to create the best investment environment and the activation of the private sector and the departure of total reliance on government spending, pointing out the importance of benefiting from the experiences of many countries in the the investment proved successful significantly.

With regard to the investment budget for 2007, described by observers Balanfjarih identified Vice Chairman of the Economic Committee in the House of Representatives three real obstacles to implementation ((the first parameters of the security and the second financial and administrative corruption that affects organs of the State and the third case of marginalization of the left and scientific expertise because of the obvious signs of partisan and sectarian received shadows on the political scene, governmental and ministerial)), calling in this direction to the adoption of professionalism and efficiency in the selection of technical and administrative positions in all organs of the State. Stressing the need for the return of competencies and minds abroad outside of the country because of such precursors. He called for completion of the routine, which he described Balmmelh and impeding the progress of the implementation of investment projects and to give wider powers of the ministries and departments concerned and not restrict them to the Council of Ministers with the emphasis on accountability and follow-up of negligence hand, and to honor the artists on the other.

With respect to the oil and gas, described this law Balmahm and influential in the economic process for the adoption of the entire budget on oil imports, or 95%, pointing to the existence of loopholes by saying excessive powers specific to the regions and the oil-producing provinces which raise the sensitivity of the other governorates non-oil producing anticipated action amendments anticipated some of the paragraphs of the law.

He referred in this regard to the need to use the expertise and competencies of the Iraqi workforce in the oil sector to take advantage of the views and observations of professional effort to pass a law to Aitakata with the national interest to make Iraq will be able to raise the productivity and efficiency of the extraction of oil and gas and we praised advocating monetary policy by the Central Bank of Iraq seeking to reducing inflation. He pointed out that this policy will bear fruit in future. He called for patience and understanding of the nature of this policy, which will be reflected positively on its own terms the Iraqi economy. Stressing that the economic committee in the House of Representatives working to support and encourage this policy, which seeks to restore the health and strength of the Iraqi dinar and the elimination of the dollarization phenomenon and to make the Iraqi dinar an actor in cash transactions that govern markets. He alluded to the existence of other economic laws are being talked about in the near future will be the way to legislation is the law of insurance companies, banks and the Banking Act and the Regulation of the private sector

date and link on this jewel ?

Its becoming to appear like watching it on a BIG screen...like in the cinema...hahaaa!!! Great news and finding there Adster!

.

Translated version of http://www.alsabaah.com/